Dansko

2702 Words Apr 4th, 2015 11 Pages
Table of Contents
1
Introduction ...........................................................................................................................2 2 How did Dansko’s founder Peter Kjellerup’s Danish heritage affect the development of Dansko’s shoe line and its commitment to ethics and social responsibility? ...........................................................................................................................2 3 Why might employee ownership be a positive thing for a company’s growth and development? What might be some downsides? ......................................................................3 4 Is Dansko’s production in China a concern from an ethics and social
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As the company grew into a

striving business with annual sales of more than USD150 million (Loten, 2013), involvement into socially responsible projects and sustainability likewise increased. Profit means survival for any company, yet Dansko takes it further and focuses on the triple bottom line. People and
Planet are undoubtedly of equal importance as is Profit. This advanced in Dansko becoming a founding member of the B-Corporation, a movement of companies that are striving for better workers conditions, better communities and a better environment (B Corporation, 2015b).
3

Why might employee ownership be a positive thing for a company’s growth and development? What might be some downsides?
In 2012, Dansko was transformed into a 100% employee-owned company (Dansko LLC,
2015b). According to the National Center of Employee Ownership [NCEO] (2015), this means that a company is either directly or indirectly, in part or in whole owned by some or all of its employees. As of 2014, approximately 10,000 employee stock ownership plans existed in the
USA involving 10.3 million employees (The ESOP Association, 2014). Employee Ownership can result in several benefits for the company and its employees, but also generate negative consequences for either party. A comprehensive list of the pro’s and cons is visible in Annex 1.
Amongst these, one crucial benefit for the growth of the company is the
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